USDINR:- USDINR, after hitting its recent peak at 71.52 (21 Jan 2019) has gone in a low volatile downward sloping range (from 71.52 to 70.95). The recent less volatile fall seems likely to be arrested after today's (30 Jan 19) gap up open at 71.36 or in other words we can say the current candle opens above that narrow range (a sign of bulls to take charge). 50 day Exponential moving average along with a trend-line support - earlier which acted well as a strong support is now coming at 71.00 mark. Prices are trading above the moving averages, which itself is an indication of upward trend. Relative Strength Index (14 days) is hovering above 50 mark, which indicates the strength of bulls is still present.
Conclusion:- We are expecting USDINR to move towards 72.00-72.50 in coming future. A close below 70.95 will negate the above view.
Date : Jan-2019
18-Apr-2019 6:45 PM
After posting superlative gains in March, due to resurgent FII inflows, rupee has been range-bound
16-Apr-2019 6:10 PM
With a look at Silver chart shows that price action took resistance at $14.92 levels in July’18, October’18
15-Apr-2019 5:46 PM
A look at the daily chart is showing that USDINR is trading in between the range of a downward sloping trend channel
12-Apr-2019 6:53 PM
Indian exporters are a worried lot these days. USDINR around 69, EURINR at 78 and GBPINR near 90-91
11-Apr-2019 6:26 PM
10-Apr-2019 5:55 PM
Pound has been sitting at the edge of the sword with EU and Britain deciding to extend